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It takes an average of nearly 29 years to build a new mine in the US, the second-longest in the world behind only Zambia, hampering Washington’s efforts to boost output of lithium, nickel and other metals for the energy transition, a report said on Thursday.

The report by consultancy S&P Global comes amid rising pressure on US officials to streamline what is seen by mining companies and some policymakers as a confusing and lengthy process to obtain a mining permit that harms efforts to offset China’s near-total control of the critical minerals sector.

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million to R7 347-million half-year earnings are largely attributable to a lower average realised free-on-board export iron-ore price and a decrease in sales volumes relative to the comparative period, the Anglo American group company stated in a release to Mining Weekly on Thursday.

The results of a definitive feasibility study (DFS) on London- and Toronto-listed gold miner Centamin’s Doropo project, in Côte d’Ivoire, has demonstrated that it is a robust project that meets the company’s investment criteria, says CEO Martin Horgan. “The project shows a strong first five years with production in excess of 200 000 oz/y at an all-in sustaining cost below $1 000/oz, delivering an accelerated payback on investment. The DFS has resulted in a plan with significantly lower execution risk, relative to the prefeasibility study, reflecting a reconfiguration of the project to reduce its social impact on local communities,” he adds.

What asset class do millennials and Gen Z investors both want to own?

Here is an answer you may not have guessed: Gold.

Among wealthy investors under the age of 43, 45% own gold as a physical asset, and another 45% are interested in holding it, according to a recent study by Bank of America Private Bank.

Those are far higher percentages than other age groups.

London-listed URA holdings, which owns and operates the Gravelotte emerald mine in Limpopo, South Africa, has acquired a majority interest in Prasinus Exploration, the owner of the Curlew emerald mine, in the Pilbara region of Western Australia. URA has acquired a 65% interest in Prasinus for A$450 000, or about £237 000, and has the option to acquire the remaining 35% interest for a further A$300 000, or £158 000, in URA shares after an initial 12-month period and expiring on October 18, 2025.

Mineral and Petroleum Resources Minister Gwede Mantashe has said the migration to a new mining cadastre system is expected to be completed by June 2025. The former Department of Mineral Resources and Energy, which has been split in the seventh administration, in February announced the appointment of the PMG Consortium to design, implement and maintain the mining licensing system, or cadastre.

ASX-listed Evolution Energy Minerals CEO Phil Hoskins has resigned and will leave the company by no later than October, it was announced on Tuesday.

Evolution has started a process to identify a new CEO, who will be in charge of the successful development of the Chilalo graphite project, in Tanzania.

Paladin Energy’s top boss says its takeover of Fission Uranium Corp would make it the third-largest publicly traded uranium producer, offering investors an alternative in a sector dominated by two giants. Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project when completed, CEO Ian Purdy said in a Wednesday interview in Toronto. That would lift Paladin’s ranking by output to third, behind top producer Kazatomprom, which is controlled by the government of Kazakhstan, and Canada’s Cameco Corp.

TSX-V-listed GoviEx Uranium says that, while it plans to fight for its rights at the Madaouela project, in Niger, the difficulties faced in that country present it with a unique opportunity to concentrate its efforts on its Muntanga project, in Zambia. The company reiterates that it was, nearly two weeks ago, informed by the Nigerien government that it no longer has rights over the perimeter of the mining permit for its Madaouela project, which reverted back to the public domain.

Exploration and development company Critical Mineral Resources (CMR), which is focused on critical metals and minerals, has signed an exclusive option to acquire the Igli project, a high-grade silver/ copper project in the Anti-Atlas, in Morocco, which has returned grades of up to 912 g/t silver and 2.97% copper. Concurrently, the company has also raised £750 000 through the issue of a convertible loan note (CLN) to fund the company’s working capital and capital expenditure requirements, including for exploration programmes at Igli.